Avoca Sold for Over €60 Million

12 November 2015

Avoca Sold for Over €60 Million

Avoca, the food and retail chain is an Irish business success story we can all get behind. Their commitment to quality food and goods has heralded them to leaders in their field. Avoca has been at the fore of luxury Irish food and has been vital in the development the Irish food industry. The stores and cafes are well curated food emporiums and have been pivotal in awakening us all to new cuisines and the value of organic produce and supporting local trade.

Failed to load widget object.

Owned by the Pratt family, Avoca has been sold to US catering giant Aramark for a price said to be upwards of €60 million. Aramark intend to “internationalise” the brand by expanding into the US market, where Aramark is listed on the New York stock exchange.

The family-owned business began in the 1970s and has scaled to an impressive nationwide business in 11 locations in Ireland. Alongside this, Avoca also hold a luxury catering business Avoca@Home. Last year, Avoca’s profits were up by 70 per cent as we crawled out of the recession and into a food boom.

Failed to load widget object.

It’s a runaway success story that we are very happy to share! We love food and we love Irish food even more. Huzzah for the Pratt family but we just hope the new owners share passion for food.